Global Glyoxylic Acid Market 2024-2028
The glyoxylic acid market is forecasted to grow by USD 192.5 million during 2023-2028, accelerating at a CAGR of 4.49% during the forecast period. The report on the glyoxylic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from cosmetics industry, increasing agriculture activities, and increasing demand for glyoxylic acid from agrochemicals.
Technavio's glyoxylic acid market is segmented as below:
By End-user
- Cosmetics and personal care
- Pharmaceutical
- Agrochemicals
- Aromas
- Others
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the surging demand from apac and north america as one of the prime reasons driving the glyoxylic acid market growth during the next few years. Also, increase in r and d of therapeutic vaccines and increasing application of vanillin in aromas and flavors in food and beverage industry will lead to sizable demand in the market.
The report on the glyoxylic acid market covers the following areas:
- Glyoxylic acid market sizing
- Glyoxylic acid market forecast
- Glyoxylic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glyoxylic acid market vendors that include Akema Srl, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem SIA, Haihang Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Zhonghua Chemical Co. Ltd., Mehul Dye Chem Industries, Merck KGaA, Parchem Fine and Specialty Chemicals Inc., Phibro Animal Health Corp., Saanvi Corp., Shandong Xinhua Pharmaceutical I and E Co. Ltd., STAN Chemical Co. Ltd., The Chemours Co., Water Chemical Co. Ltd., WeylChem International GmbH, and Zhonglan Industry Co. Ltd.. Also, the glyoxylic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.